This is a death cross on the 4H time frame. It may not show on many higher time frames. Some traders wait to see the death cross on the 1D time frame. By the time that develops, the market is ready to rebound. I always stay 'under the hood' of the daily time frame, cuz that's where the action begins. The 4H is my fav time frame to get an idea of what's...
Well, there is trouble in the markets for sure. Last week saw a meltdown of about 8% from one peak, on the DJI. My crystal ball broke a long time ago, and I'm not getting a new one from Ebay. 😂 The video outlines how vigilance on the 2H timeframe paid off for anyone who wanted to short this market. So - what about next week (beginning Mon 24th Jan)? No...
In this video I look back to early 2020, to see how the 40% collapse in the DJI happened. Am I preparing for a collapse or correction? Yes I am. Preparing does not mean I am predicting. What is see looking back is, that a 2 hour ATR trend south had developed. It is the best fit. I had tried 1H trend but that did not fit well enough, where price would stay...
Shiba exactly going through this massive way! I think it's a last down tredn for shib 😳⚡....#shibatothemoon💯
This should bring out both bulls and bears! 😱 It's an amazing and long channel. The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash. I'm not into that debate. It's a dangerous one. Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big...
EtH HODL Strong! 🦾 🤪 👍🏾 Lets Go Ethereum, Let's Go 👏🏾,, Lets Go Ethereum, Let's Go 👏🏾, , Lets Go Ethereum, Let's Go 👏🏾, 💥 💥 🚀 Soon!!!
If you don't know about the VIX, why are you trading? It's an index of volatility in the S&P500. But.. but.. hold on. What happens in the S&P500 affects loads of other things, like key forex pairs e.g. AUD, NZD, JPY, USD It won't tell you about entry and exit points in your trades. But it could tell you when markets are very volatile. Wait - aren't traders...
This is not a prediction. The daily chart of BTC is actually showing no surprises. But if you read lamestream media you will see how people are scratching their heads about a recent pump north on BTC. There are two important structure areas. The recent pump came off one of them - because 'everybody' was thinking the same thing. The next structure area is in...
The chart shows development of a serious 4H trend south. Price now struggling out of an RSI trench and could be forming a reversal or rebellion pattern. Generally RSI trenches are not places to go short, as basically you're late in the game. Of course price could disrespect the RSI - I've seen that happen - but generally initiating a short in a RSI trench (with...
Some never look higher. I always look higher. I've fond that in general the higher time frames behave differently than those below 15 min, in terms of volatility. The 3D and above time frames (like the weekly) are macroeconomic time frames. They tend to be slow and not as choppy as say 15 min time frame. When stuff happens on large time frames, expect...
As some will know, I've been following the US Dollar - DXY - which is a basket of currencies. The DXY is calculate comparing the USD against the weight of six major world currencies, which include the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF). The EUR makes up almost 58 percent of the...
Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch. But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower...
It looks like some sort of head and shoulders. The momentum of price coming off the head was indicative of some follow through below the base and that has happened. Price has done the expected: ducking under the base and then popping back up for a retest. I just draw it like I find it, connecting what I see as the main points. I can never know if the market...
Well, some sneered a few weeks ago when I pointed out the 1D trend switch, that created a probability of a 50% correction. It happened. There was a deafening silence thereafter. As I say too often trend switches create probabilities which predict nothing. In this chart I'm looking at the 3D time frame where price has moved up to touch the ATR line. This is...
This could be good news - or bad news. Watch the divergence between the the S&P and two transportation indices. Some will see something and some will see nothing. Pain usually awakens the senses. Get ready for pain. Did I say when pain in coming? How would I know? I hung out my clothes from the washing machine to dry in bright sunlight this morning. Then...
The Indian Market has seen some an insane frenzy of bullishness in recent weeks. Favourable PMI numbers and overjoy about expanding economies have led the gamblers to go north like nobody's business in the last few days. Errh.. they forgot about supply chain bottlenecks. 🙄 The interesting thing about this position is what it 'makes'' you think - or is that...
No sleep for me tonight - and I'll be feeding on popcorn and beer! 🤣😂 Maybe a pizza or two. 🍕🍕 The set up here looks like a good short coming up. (Note the brutal disclaimers). 1. There is big trouble with Chinatown all over the world. Something about China banning shares on some American exchange - or something like that. The Dragon Index took a nose dive, and...
Peak excitement on Friday - as retail traders pumped various markets with billions in cash. This was alongside institutional traders who had been bailing out. Well, retail won a significant limb of this, from the bottom edge of what now looks like an ascending broadening wedge following a major bullish drive. Biden echoed the FED's mantra on transitory...